The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-05-05
THE RUSH FOR REAL ESTATE
The Recorders Office Crowded with Per-
sons Hunting Up Land Titles.
Purchasers Generally Paying Cash for the
Property they Get-What Pittsburg
Capitalist Thinks of Indianapolis.


only spend few hours in the recorders or as
SCISSORS Office. A crowd of interested persons
throng each from morning until night, looking
up plats titles and mortgages When business
was over in the recorders office last evening
nearly every record book in the Office was out of
its place. Its this way every day" said Re-
corder Keay. eve haven't desk room to ac-
commodate all who come in to look up titles and
pats. Many make purchases without making a
personal inspection of the property, and depend
only what they find out here. Every
body is in rush, and they never pretend to put
book back where it belongs. The buyers out
/ number the sellers much that whenever de-
sirable niece of property that is for sale is heard
| of there is a rush for it."
/ A gratifying feature of the market is that
nearly all the transfers for cash. Those who
/, have property for sale realize that there
| plenty Of buyers who are ready to pay the cash,
| and they the persons who are getting the
| property. ''lts hard to get property except for
| cash." said a gentleman last evening who
has been purchasing literally. "The
| people who started the wild talk about options
ten days ago did not know what they were talk
| ing about. indianapolis people will have moth
| ing to do with speculation. All we want is a
| steady, healthful market, and that we have. The
| price of real estate is bound to gradually ad-
vance. as the city grows and prospers 1t is do
ing that now, but people not going TO lose
| their heads as they die in 1873.
The transfers yesterday numbered twenty
eight with a consideration of $50, 657.6Z A
| great many large sales were made, the deeds for
| which recorded. For instance, A. F.
Potts, of Griffith & Potts, attorneys, purchased
sixteen lots in Woodruff Place of e. H. Cook, of
| of the amount was paid over in cash
last evening. An hour after the
transaction Mr. Potts could have sold his bar
| gain and realized handsomely, but he refused to
do it. There Is surprising demand for Wood
| ruff Place lots. The most notable sales yester-
day those of William Wallace. receiver of
/ Fletcher & Sharpes bank. About $40, 900 worth
of outlots disposed of during the day. Mr..
| Wallace's Office is thronged every day and late
like men at mill-as their turn comes. Among
| the sales yesterday were nine lots in Bruce
| addition for 5000; five lots in Fletchers Oak
Hill addition for $40; fourteen lots in Bruce
Place. to Joseph Moore and VIM. L. Taylor for
| 81. SIC, and thirteen lots in Fletcher's
northeast addition to William H. Watson, for
| $3,515. A great many other sales were also
made by him which we're not recorded. Nearly
| all the sales were from % to 80 per cent. above
| the appraised value of the property. If the re-
| mainder of the real estate is disposed of SO ad-
vantageously the creditors of the bank will, it is
estimated, receive about 20 per cent OF their oe-
posts instead of 40 per cent, as had been ex-
| pected.
Moneyed men are looking very favorably
| toward the property west OF the city, and espec-
| tally in the vicinity of Haughville All the land
west along the National road to Bridgeport has
| looked upon as the most desirable about the city
| for manufacturing purposes. Among the sales
yesterday was one lot in Hauehville by John c.
Wright to VIM Hanerson for sou. and three
lots by Joseph Clark and Arson McCray for
/ $3.50 The deeds recorded were as follows:
The Travellers i, Insurance Company a, to
| Avord s. Co.'S subdivision of Butler &
| Fletcher's addition to College Corner. IN 30 80 -
VIM Wallace, receiver, to Richard Niveq.
- ~ and IS in Bruce Place eastend ad
dition to Indianapolis 3'ooo.oo
Nathan n. Morris eft al. to John A. Hos
brook. part of the southwest quarter of
the northwest quarter of section A,
Containing 5 23-1oo acres e 100000
Chas. o. Nichols to John A: Hosbrook
ct al, part of lot q in Ovid Buffers
dianapoiis 80 o..- 100000
Hughes lots % and 30 in block 6 in S.
A. Fletcher. jr.' northeast addition to
Harvey ysS caldweli to VIM Clifford lots
! and 2 in Lanes subdivision of lot "a in
Buffers addition to College Corner. in
Richard Essigke to Marie Essigke part of
lots IT, Is, 10 and 20 in Franks South
Meridian-street addition to Indianapolis leo
| Brumley lot $40 in Fletcher ct ais
subdivision of outlots 90. 81, 90 and
| the south half of 81, in indianapolis 1,2oO.OO
| John L. Houdy shell ct al. to Levi F. Harlan,
south half Of lot and all of 5 in Au-
| Indianapolis lis. - -.. ~...0 10000
VIM, wallace reeeiyer,, to Francis i.s 5:
A e.
| Oak Hill addition to indianapolis 41O.O0
| Ernest II. Roller and wife to VIM ka
SER lot IS in Rollers addition to Indi 800.
VIM Kaiser and wife to Ernest r. Roller,
| lot 3 in Rollers addition to Indianapo-
Richard j. Calling, trustee to VIM. H.
Ballard lot 1S in R. B. and j. S. Dun
cans addition to Indianapolis 100000
man lots 10 and 20, in square 8, in
Beatys addition to indianapolis $4,000
Thames Loan and Trust Company to
in Indianapolis ''' ~ - S4N..e- $4,000
revised evi ed Subdivision, in Indianapolis 100000
Joseph H. Clark TO Aaron NJ McCrav
lots 65, Sc and 81 in Clarks addition .sooo
Ed so rduf Hmmeirich to August Plank.
| part of lot s. in McCarty's subdivision
annapolis e.. -. $4,000
Moore and William l.. Taylor, fourteen
lots in Bruce Place East-end addition to
John c. New executor. to Mary Dalton.
lot I3. in square 8. in Beaty's addition co..
Ellen NJ Thurston to Simon P sheerin,
in Indiana polls --o4...--e- :. - 100000
Burns, lot Ga in Clarks addition to o=ooo
john hug {. Wright guardian. to William
Haueisen lots 81 and 6s, in William
Y. Wiley's subdivision of outlots 162.
1853 and 165 in indianapolis -.----- 10000
William Wallace receiver to William NJ
;r's northea st addition to Indianapolis 3.515.oo
Eva Hunt and husband Thorn NJ Re-
veal ct al, lot / L in square Is, in Hay
den,s first subdivision of Johnson s heirs
addition indianapolis. Observation-Disclosures 10000
Jacob A. Enrich and wife to Joseph B.
Mansur part of block 20 in Holiness
West-end addition 20 Indianapolis $4,000
First National Bank No. 1856, George
+. Evans lots Is and 10. r. L. Nc
oils 3;4333 So
Otto Gresham to James N. Rogers, lots
SO and go in William H Morrison's
second addition to Indianapolis 100000
Conyevances. 2s consideration $50 657 81
For the remainder of the week the transfers
are expected be numerous. Many sales of
large tracts adjoining the city are about TO be
contaminated
The discovery of gas at Greenfield has helped